May 7, 2020 8:00am – 3:30pm Map & Directions 602-252-4144

Webcast: COVID-19 Tax Law Changes: Current Federal Tax Developments

Online registrations are currently closed, please call (602) 324-6847 for additional registration options

Description

As Coronavirus wreaks economic havoc, Congress and the IRS have acted swiftly through the tax law in response. These relief efforts cut much deeper and wider than first meets the eye. By now, we’re several rounds of legislation and IRS (and Labor) guidance into this thing. Let us cut your learning curve.

Take an in depth look at the tax provisions included in the Coronavirus Aid, Relief and Economic Security Act (CARES Act) and the Families First Coronavirus Response Act (FFCRA). Gain greater knowledge of IRS administrative relief rules for due dates and provisions being adopted from the Further Consolidated Appropriations Act passed in December. Learn about items that have tax impact such the loan provisions that effect which payroll tax relief provisions a business may qualify for, including Payroll Protection Program loans.

Location

Arizona Society of CPAs
4801 E Washington St Ste 180
Phoenix, AZ 85034-2040

Registration Time

7:30am

Fees

Member:
$300
Non-CPA Staff:
$400
Non-CPA Staff (100% club):
$300
Non-CPA Staff (sole proprietor):
$300
Non-Member:
$400
Webcast
Taxation
8

Objectives

 

Course Level

Update

Vendor

Kaplan Development Group More With This Vendor

Designed For

Tax advisors in public practice and corporate tax departments who want an up-to-the minute review of COVID-19 federal tax developments delivered in plain English.

Prerequisites

General tax knowledge.

Event Leaders

Zollars, Edward K.

Rating: 4.87


Edward K. Zollars, CPA, is in public practice in Phoenix, Arizona as a partner with the firm of Thomas, Zollars & Lynch, Ltd. He has been in practice for more than 35 years, specializing in tax issues for closely held businesses and individuals. Zollars has been professionally involved with both tax and technology issues, combining the two disciplines in producing the Current Federal Tax Development Update Podcast and website, dealing with current tax issues. He has been a member of AICPA Tax Division Committees focusing on tax and technology issues and was the Tax Section's representative on three occasions to the AICPA's Top Ten Technologies project. He is also a member of the Phoenix Tax Workshop's Advisory Committee and currently serves on the Tax Legislation Liaison Committee for the Arizona Society of CPAs. Zollars was selected as a Life Member by the Arizona Society of CPAs in May, 2010. Along with writing, editing and presenting courses for Loscalzo Institute, Zollars has written articles published in Practical Tax Strategies and the Tax Adviser. He has been a frequent contributor to a number of professional tax discussion groups, and served as systems operator on the AICPA's Accountants Forum in the mid-1990s. He has spoken regularly on tax and technology topics since 1996, speaking before conferences sponsored by the AICPA and a number of state societies of CPAs.


More With Zollars, Edward K.

Highlights

The program will cover:

  • Paid sick time and family medical leave time rules found in the FFCRA and the payroll tax credits that serve to reimburse employers for providing this pay along with the new advance employer refund form (Form 7200).
  • Worker retention credit and deferral of payments for employer old age, survivors and disability insurance payments, payroll tax benefits contingent to some extent on not taking advantage of some or all of the PPP loan program.
  • The Payroll Protection Program (PPP) loans; who qualifies, how the debt is forgiven, the tax impact of forgiveness and the trade-offs for payroll tax benefits.
  • Potential employer use of IRC §139 to provide deductible relief payments to employees that will not be considered compensation.
  • Changes, both temporary and permanent, to TCJA items, such as net operating loss carrybacks, refundable corporate minimum tax credits and the fix for qualified improvement property lives.
  • Modified individual tax provisions, including the Recovery Rebates for Individuals and provisions related to IRAs and qualified retirement plans, including the delay in some required minimum distributions, COVID-19 distributions and loans.
  • IRS administrative guidance issued to implement these law provisions, including some relaxing of the BBA centralized audit rules for partnerships.
  • Due dates that have been pushed back to July 15, 2020 by IRS Notice 2020-23.
  • Additional developments taking place up to the time the course is presented.

 

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